SAP price target raised to EUR 142 from EUR 138 at Morgan Stanley » 13:2712/0812/08/21
Morgan Stanley analyst…
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SAP price target raised to EUR 138 from EUR 136 at Morgan Stanley » 12:4010/2210/22/21
Morgan Stanley analyst…
Morgan Stanley analyst Adam Wood raised the firm's price target on SAP to EUR 138 from EUR 136 and keeps an Overweight rating on the shares.
SAP sees FY21 cloud revenue up 16%-19% » 05:2010/2110/21/21
Sees FY21 effective tax…
Sees FY21 effective tax rate 20%-21%. The company said, "The Company continues to expect software licenses revenue to decline for the full year as more customers turn to the 'RISE with SAP' subscription offering for their mission-critical core processes. This outlook also continues to assume the COVID-19 crisis will continue to recede as vaccine programs roll out globally."
SAP reports Q3 non-IFRS EPS EUR 1.74 vs EUR 1.70 last year » 05:1710/2110/21/21
Reports Q3 revenue EUR…
Reports Q3 revenue EUR 6.85B vs. EUR 6.54B last year. Current cloud backlog was up 24% to EUR 8.17B. The company said, "Businesses around the world are reevaluating their business models with increased urgency given the dramatic changes due to the pandemic and the ongoing focus on digital transformation. Customers are choosing SAP for its clearly differentiated capabilities. In addition to helping customers manage their technical migrations, SAP is helping customers redefine and optimize their core end-to-end business processes. This expertise is based on SAP's unmatched knowledge of industry best practices from working with customers of all sizes across industries and geographies. This is reflected in SAP's strong third quarter results which were above market expectations."
Electric Last Mile Solutions, SAP partnering for ERP solution » 10:4910/1810/18/21
Electric Last Mile…
Electric Last Mile Solutions (ELMS) is partnering with with SAP (SAP) S/4HANA, an ERP solution that will help run, manage and scale the business, the company said in a statement. "To facilitate the EV company's SAP S/4HANA implementation, ELMS selected the business-transformation-as-a-service offering, RISE with SAP. ELMS also turned to SAP Gold Partner, Dickinson + Associates, a Navisite company, for the proverbial last mile with SAP S/4HANA to help ensure all deliverables and milestones come together proficiently and rapidly, on target from both budgetary and deliverables standpoints." "Our selection of SAP S/4HANA for our digital core took into account many considerations beyond preference for a tier-one solution in the automotive industry," commented ELMS Deputy CFO and Treasurer Rob Song.
Fly Intel: Pre-market Movers » 09:0210/1310/13/21
PLUG, DATS, SAP, BLK, DAL, RGLS, SNCY, NMTC, W, KOSS
Check out this morning's…
SAP raises FY21 cloud revenue view to EUR 9.4B-9.6B from EUR 9.3B-9.5B » 19:3410/1210/12/21
SAP is raising its FY21…
SAP is raising its FY21 outlook, "reflecting the strong business performance which is expected to continue to accelerate cloud revenue growth". The company continues to expect a software licenses revenue decline for the full year as more customers turn to the 'RISE with SAP' subscription offering for their mission-critical core processes. This outlook also "continues to assume the COVID-19 crisis will continue to recede as vaccine programs roll out globally". SAP now expects: EUR 9.4B - 9.6B cloud revenue at constant currencies from 2020's EUR 8.09B, up 16% to 19% at constant currencies. The previous range was EUR 9.3B - 9.5B at constant currencies. EUR 23.8B - 24.2B cloud and software revenue at constant currencies from 2020's EUR 23.23B, up 2% to 4% at constant currencies. The previous range was EUR 23.6B - 24.0B at constant currencies. SAP continues to expect the share of more predictable revenue to reach approximately 75% from 2020's 72%. SAP continues to expect operating cash flow of approximately EUR 6.0B from 2020's EUR 7.2B and free cash flow above EUR 4.5B vs. EUR 6.0B in 2020.
SAP sees Q3 above market expectations with EPS up 2%, revenue up 3% » 19:3010/1210/12/21
In a Q3 business update,…
In a Q3 business update, SAP reports current cloud backlog was up 24% to EUR 8.17B and up 22% at constant currencies. Cloud revenue was up 20% to EUR 2.39B and up 20% at constant currencies. Software licenses revenue was down 8% year over year to EUR 0.66B. Cloud and software revenue was up 7% to EUR 5.91B. Services revenue was down 6% year over year to EUR 0.93B. This revenue decline is primarily attributable to the November 2020 divestiture of SAP Digital Interconnect. Total revenue was up 5% year over year to EUR 6.84B and up 5% at constant currencies. IFRS operating profit decreased 15% to EUR 1.25B and IFRS operating margin decreased by 4.3 percentage points to 18.2% due to higher share-based compensation expenses. Non-IFRS operating profit increased 2% to EUR 2.10B and non-IFRS operating margin decreased by 0.9 percentage points to 30.7%. Operating profit includes a disposal gain of EUR 77 million related to the launch of SAP Fioneer, a dedicated Financial Services Industry unit jointly owned by SAP and Dediq. Earnings per share decreased 10% to EUR 1.19 and increased 2% to EUR 1.74, including another strong contribution from Sapphire Ventures. The company states: "Businesses around the world are reevaluating their business models with increased urgency given the dramatic changes due to the pandemic and their ongoing focus on digital transformation. Customers are choosing SAP for its clearly differentiated capabilities. In addition to helping customers manage their technical migrations, SAP is helping customers redefine and optimize their core end-to-end business processes. SAP is seeing continued strong demand and adoption of its 'RISE with SAP' offering, which customers of all sizes, including an increasing number of large clients, are selecting to manage their business transformation. As more customers adopt this holistic subscription offering, software licenses revenue decreased as anticipated. SAP is seeing strong growth in current cloud backlog across its cloud portfolio, in particular with S/4HANA Cloud. Cloud revenue growth also accelerated sequentially."
Infosys, SAP collaborate to provide business process transformation-as-a-service » 06:3409/1509/15/21
Infosys (INFY) announced…
Infosys (INFY) announced a strategic collaboration with SAP (SAP) to provide business process transformation-as-a-service to enterprises.
SAP, Amazon.com partner to expand buyer choice » 09:0209/1409/14/21
SAP (SAP) announced it is…
SAP (SAP) announced it is partnering with Amazon Business (AMZN) to enable employees to tap into hundreds of millions of items on Amazon Business directly from within SAP Ariba solutions and assist with compliance with corporate purchasing policies. With this partnership and technology integration, Amazon Business becomes a source of supply for Spot Buy, a capability within SAP Ariba solutions for users to purchase items from trusted suppliers. Integrating Amazon Business into the guided buying capability within the SAP Ariba solution experience helps simplify the purchase of general business goods while providing users with hundreds of millions of new items. This new integration will utilize a real-time search API so users of guided buying can search for items and receive results from Amazon Business, along with other online stores, e-commerce providers and direct sellers, directly within the SAP Ariba solution. Amazon Business items selected for checkout will be transferred to the shopping cart for automatic processing within the SAP Ariba solution.